Prices of stocks on the Nigerian Exchange last week continued its southward journey, occasioned by profit taking by investors.
Year to date, the market has returned 3.63% with All Share Index and Market Capitalisation at 44,269.18 points and N24.112 trillion respectively.
Most stocks have touched their 52 weeks low and some are tending towards their year low. This is creating more entry opportunities for discerning investors.
We have always advised investors to take position in fundamentally sound stocks because they stand the test of time. Just to mention a few, the following stocks can be considered for strategic entry:
ACCESS HOLDINGS
Access Holdings is currently trading at the share price of N7.95. In the past 52 weeks, the stock has touched a high of N10.60 and a low of N7.50.
It is trading 25% away from its 52 weeks high of N10.60, which implies an uptrend potential of 25% for Access Holdings.
With the Book Value of N29.11, Access Holdings is considered very cheap, relative to its current share price of N7.95.
ZENITH BANK
Zenith Bank is currently trading at N19.85 and has touched a high of N27.5 and a low of N18.90 in the past 52 weeks.
It is trading 27.82% away from its 52 weeks high of N27.50, which implies an uptrend potential of about 28% for the share price of the bank.
Going by its Book Value of N41.68, relative to its current price of N19.85, Zenith Bank is very cheap and embedded with growth potentials.
GTCO
The share price of GTCO is currently trading at N17.6 and it has touched a high of N28.5 and a low of N16.80 in the last 52 weeks.
It is trading 38.25% away from its year high of N28.5, which implies an uptrend potential of 38% for GTCO.
The Book Value of N29.66, relative to the current price of N17.6 implies that GTCO is underpriced.
UBA
UBA is currently trading at N7 with a 52 weeks high of N8.85 and a low of N6.55. It is trading 20.9% away from its 52 weeks high of N8.85, implying an uptrend potential of about 21% for UBA.
Considering its Book Value of N23.64, relative to its share price of N7, UBA is underpriced. A position in UBA has uptrend potentials.
FBNH
The share price of FBHN is currently trading at N9.9. Within the last 52 weeks, the share price of the financial institution has touched a high of N12.90 and a low of N8.20.
It is trading 23.26% away from its year high of N12.90, which implies an uptrend potential of about 23% relative to its year high of N12.90.
With the Book Value of N24.89, relative to its current price of N9.9, FBNH is underpriced.
FLOUR MILLS
Flour Mills is currently trading at N30.30 with a 52 weeks high of N41.45 and a low of N27.
It is trading 26.9% away from its 52 weeks high of N41.45, implying an uptrend potential of about 27% for Flour Mills.
Considering its Book Value of N47.82, relative to its share price of N30.30, Flour Mills of Nigeria is considered cheap and has uptrend potential.
PRESCO
Currently trading at N128.35, the share price of Presco has a year high of N200 and year low of N87.8.
The company declared N2 interim dividend to shareholders for the period ended 30, September 2022.
There is an uptrend potential of 35.83% in the share price of Presco, relative to its 52 weeks high of N200.
GUINNESS
Currently trading at N82.9, the share price of Guinness has touched a high of N110 and a low of N29.05 in the past 52 weeks.
Guinness has an uptrend potential of 24.64%, relative to its 52 weeks high of N110.
NIGERIAN BREWERIES
The share price of Nigerian is currently trading at a year low of N39.9 and it has touched a high of N78.5 in the past 52 weeks.
It is trading 49.17% away from its 52 weeks high of N78.5, suggesting an uptrend potential of about 49% for Nigerian Breweries.
FIDSON
Currently trading at N8.31, the share price of Fidson has a year high of N11.49 and year low of N5.45.
There is an uptrend potential of 27.68% in the share price of Fidson, relative to its 52 weeks high of N11.49.
OKOMU
Currently trading at N169.5, the share price of Okomu has a year high of N216.9 and year low of N127.8.
The company declared N2 interim dividend to shareholders for the period ended 30, September 2022.
There is an uptrend potential of 21.85% in the share price of Okomu Oil, relative to its 52 weeks high of N216.9.